Chemung Financial
Market Cap
US$200.7m
Last Updated
2020/01/18 23:33 UTC
Data Sources
Company Financials +
Executive Summary
Chemung Financial Corporation operates as a bank.
Rewards
Risk Analysis
No risks detected for CHMG from our risk checks.
Snowflake Analysis
Flawless balance sheet, undervalued and pays a dividend.
Similar Companies
Share Price & News
How has Chemung Financial's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CHMG has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.9%
CHMG
-0.08%
US Banks
2.0%
US Market
1 Year Return
-0.9%
CHMG
15.5%
US Banks
23.6%
US Market
Return vs Industry: CHMG underperformed the US Banks industry which returned 21.7% over the past year.
Return vs Market: CHMG underperformed the US Market which returned 24.7% over the past year.
Shareholder returns
| CHMG | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.9% | -0.08% | 2.0% |
| 30 Day | -7.2% | -1.6% | 3.9% |
| 90 Day | -5.4% | 9.2% | 12.0% |
| 1 Year | 1.4%-0.9% | 18.9%15.5% | 26.2%23.6% |
| 3 Year | 35.6%26.2% | 34.6%25.1% | 53.2%43.3% |
| 5 Year | 72.4%49.2% | 86.1%65.2% | 75.7%56.3% |
Price Volatility Vs. Market
How volatile is Chemung Financial's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
How Much Did Chemung Financial Corporation's (NASDAQ:CHMG) CEO Pocket Last Year?1 month ago | Simply Wall St
There's A Lot To Like About Chemung Financial Corporation's (NASDAQ:CHMG) Upcoming US$0.26 Dividend1 month ago | Simply Wall St
I Ran A Stock Scan For Earnings Growth And Chemung Financial (NASDAQ:CHMG) Passed With EaseValuation
Is Chemung Financial undervalued compared to its fair value and its price relative to the market?
26.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CHMG ($41.25) is trading below our estimate of fair value ($56.56)
Significantly Below Fair Value: CHMG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CHMG is good value based on its PE Ratio (11.7x) compared to the Banks industry average (12.8x).
PE vs Market: CHMG is good value based on its PE Ratio (11.7x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: CHMG is poor value based on its PEG Ratio (1.8x)
Price to Book Ratio
PB vs Industry: CHMG is good value based on its PB Ratio (1.1x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is Chemung Financial forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
6.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CHMG's forecast earnings growth (6.6% per year) is above the savings rate (1.7%).
Earnings vs Market: CHMG's earnings (6.6% per year) are forecast to grow slower than the US market (14.3% per year).
High Growth Earnings: CHMG's earnings are forecast to grow, but not significantly.
Revenue vs Market: CHMG's revenue (3.5% per year) is forecast to grow slower than the US market (7.5% per year).
High Growth Revenue: CHMG's revenue (3.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CHMG's Return on Equity is forecast to be low in 3 years time (9.2%).
Next Steps
Past Performance
How has Chemung Financial performed over the past 5 years?
18.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CHMG has high quality earnings.
Growing Profit Margin: CHMG's current net profit margins (22.8%) are higher than last year (15.9%).
Past Earnings Growth Analysis
Earnings Trend: CHMG's earnings have grown by 18.4% per year over the past 5 years.
Accelerating Growth: CHMG's earnings growth over the past year (46%) exceeds its 5-year average (18.4% per year).
Earnings vs Industry: CHMG earnings growth over the past year (46%) exceeded the Banks industry 27.1%.
Return on Equity
High ROE: CHMG's Return on Equity (9.4%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Chemung Financial's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: CHMG has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if CHMG's debt is covered by short term assets.
Financial Institutions Analysis
Asset Level: CHMG's level of assets compared to its equity is low.
Allowance for Bad Loans: CHMG has a sufficient allowance for bad loans.
Low Risk Liabilities: CHMG's liabilities are made up of primarily low risk sources of funding.
Loan Level: CHMG has an acceptable proportion of non-loan assets held.
Low Risk Deposits: CHMG's loans are broadly funded by customer deposits.
Level of Bad Loans: CHMG has an appropriate level of bad loans (1.8%)
Next Steps
Dividend
What is Chemung Financial's current dividend yield, its reliability and sustainability?
2.51%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: CHMG's dividend (2.52%) is higher than the bottom 25% of dividend payers in the US market (1.4%).
High Dividend: CHMG's dividend (2.52%) is low compared to the top 25% of dividend payers in the US market (3.66%).
Stability and Growth of Payments
Stable Dividend: CHMG's dividends per share have been stable in the past 10 years.
Growing Dividend: CHMG's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (29.5%), CHMG's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CHMG's dividends in 3 years are forecast to be well covered by earnings (27.2% payout ratio).
Next Steps
Management
What is the CEO of Chemung Financial's salary, the management and board of directors tenure and is there insider trading?
4.7yrs
Average management tenure
CEO
Anders Tomson (52yo)
3.1yrs
Tenure
US$801,997
Compensation
Mr. Anders M. Tomson has been the Chief Executive Officer and Director of Chemung Canal Trust Company and Chemung Financial Corporation since December 22, 2016. Mr. Tomson has been the President of Chemung ...
CEO Compensation Analysis
Compensation vs Market: Anders's total compensation ($USD802.00K) is about average for companies of similar size in the US market ($USD1.08M).
Compensation vs Earnings: Anders's compensation has been consistent with company performance over the past year.
Management Age and Tenure
4.7yrs
Average Tenure
58yo
Average Age
Experienced Management: CHMG's management team is considered experienced (4.7 years average tenure).
Board Age and Tenure
10.8yrs
Average Tenure
66.5yo
Average Age
Experienced Board: CHMG's board of directors are seasoned and experienced ( 10.8 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 200 |
| Max Price | US$47.50 |
| Entity | Individual |
| Role | Unit President President of Capital Bank Division - Chemung Canal Trust Company |
| Shares | 429 |
| Max Price | US$48.47 |
| Entity | Individual |
| Role | Unit President President of Capital Bank Division - Chemung Canal Trust Company |
| Shares | 9 |
| Max Price | US$48.50 |
| Entity | Individual |
| Shares | 594 |
| Max Price | US$47.11 |
| Entity | Individual |
| Shares | 500 |
| Max Price | US$48.35 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 500 |
| Max Price | US$41.50 |
| Entity | Individual |
| Shares | 1,000 |
| Max Price | US$41.76 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Mike Wayne (58yo)
Senior VP & Director of Marketing
- Tenure: 14yrs
Catherine Crandall
Senior Vice President of WMG Estate Administration
Norman Ward (69yo)
SVP, Chief Auditor & Senior Investment Officer
Karl Krebs (63yo)
CFO, Executive VP & Treasurer
- Tenure: 6.3yrs
- Compensation: US$439.81k
Anders Tomson (52yo)
President
- Tenure: 3.1yrs
- Compensation: US$802.00k
Robert Pichette
Senior Vice President of Commercial Lending
Kathy McKillip
Assistant VP & Corporate Secretary
Dan Fariello (42yo)
President of Capital Bank Division - Chemung Canal Trust Company
- Tenure: 2yrs
- Compensation: US$341.06k
Pamela Burns
Senior Vice President of Human Resources
Marianne Kalec
Senior Vice President of Retail Lending
Board Members
Ron Bentley (66yo)
Director
- Tenure: 12.8yrs
- Compensation: US$102.36k
Bruce Boyea (67yo)
Independent Director
- Tenure: 8.8yrs
- Compensation: US$33.40k
David Dalrymple (65yo)
Chairman of the Board
- Tenure: 27yrs
- Compensation: US$81.61k
Robert Dalrymple (68yo)
Independent Director
- Tenure: 25yrs
- Compensation: US$44.28k
Stephen Lounsberry (65yo)
Independent Director
- Tenure: 25yrs
- Compensation: US$50.30k
Richard Swan (70yo)
Independent Director
- Tenure: 36yrs
- Compensation: US$47.87k
Larry Becker (79yo)
Independent Director
- Tenure: 8.7yrs
- Compensation: US$41.68k
Anders Tomson (52yo)
President
- Tenure: 3.1yrs
- Compensation: US$802.00k
Tom Tyrrell (68yo)
Independent Director
- Tenure: 5.9yrs
- Compensation: US$43.37k
Tom Tranter (64yo)
Independent Director
- Tenure: 5.9yrs
- Compensation: US$43.77k
Company Information
Chemung Financial Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Chemung Financial Corporation
- Ticker: CHMG
- Exchange: NasdaqGS
- Founded: 1833
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$200.650m
- Shares outstanding: 4.85m
- Website: https://www.chemungcanal.com
Number of Employees
Location
- Chemung Financial Corporation
- One Chemung Canal Plaza
- Elmira
- New York
- 14901
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CHMG | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Jan 1975 |
Biography
Chemung Financial Corporation operates as a bank. The bank offers demand deposits and interest and non-interest bearing time and savings deposits. It's deposits include jumbo deposits and retail time deposits. The bank provides commercial and industrial loans, consumer loans, commercial real estate loans, and other loans and leases. The company offers consumer loans, including credit card loans, revolving credit plans, and automotive loans. The company offers commercial real estate loans for land development and on-site construction of industrial, commercial, residential, or farm buildings in the United States; real estate-backed residential loans; and commercial loans collateralized by real estate properties. The company offers domestic and foreign commercial and industrial loans. The company offers loans for the purpose of financing agricultural production; loans which include planned and unplanned overdrafts, to governments in non-U.S. countries, to their official institutions, and to international and regional institutions. For 2017, it has an asset value of 1.7 million USD. The bank has generated a net income of 7,430 USD in December 31, 2017. Chemung Financial Corporation was founded in 1833 and is based in Elmira, New York.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/18 23:33 |
| End of Day Share Price | 2020/01/17 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.